Financial Snapshot

Revenue
$72.84M
TTM
Gross Margin
40.28%
TTM
Net Earnings
-$9.131M
TTM
Current Assets
$26.12M
Q2 2024
Current Liabilities
$7.295M
Q2 2024
Current Ratio
358.01%
Q2 2024
Total Assets
$32.23M
Q2 2024
Total Liabilities
$27.01M
Q2 2024
Book Value
$5.224M
Q2 2024
Cash
$18.86M
Q2 2024
P/E
-1.533
Nov 29, 2024 EST
Free Cash Flow
-$10.04M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $30.06M $23.20M $17.00M $14.32M
YoY Change 29.57% 36.5% 18.71%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $30.06M $23.20M $17.00M $14.32M
Cost Of Revenue $15.59M $13.40M $9.848M $8.883M
Gross Profit $14.05M $9.799M $7.147M $5.434M
Gross Profit Margin 46.74% 42.24% 42.05% 37.95%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $14.29M $6.915M $9.229M $9.891M
YoY Change 106.68% -25.07% -6.69%
% of Gross Profit 101.73% 70.57% 129.13% 182.02%
Research & Development $3.946M $2.308M $3.050M $4.128M
YoY Change 70.97% -24.33% -26.11%
% of Gross Profit 28.09% 23.55% 42.68% 75.97%
Depreciation & Amortization $569.0K $408.0K $1.537M $2.847M
YoY Change 39.46% -73.45% -46.01%
% of Gross Profit 4.05% 4.16% 21.51% 52.39%
Operating Expenses $18.19M $7.216M $12.19M $14.02M
YoY Change 152.08% -40.79% -13.06%
Operating Profit -$4.141M $2.583M -$5.041M -$8.585M
YoY Change -260.32% -151.24% -41.28%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense -$1.075M $571.0K $315.0K -$619.0K
YoY Change -288.27% 81.27% -150.89%
% of Operating Profit 22.11%
Other Income/Expense, Net -$18.00K -$629.0K -$95.00K $8.000K
YoY Change -97.14% 562.11% -1287.5%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$3.043M $2.525M -$4.821M -$9.196M
YoY Change -220.51% -152.38% -47.58%
Income Tax $225.0K -$3.245M $6.000K $5.000K
% Of Pretax Income -128.51%
Net Earnings -$3.268M $5.770M -$4.827M -$9.201M
YoY Change -156.64% -219.54% -47.54%
Net Earnings / Revenue -10.87% 24.87% -28.4% -64.27%
Basic Earnings Per Share -$0.21 $0.41 -$0.34
Diluted Earnings Per Share -$0.21 $3.85 -$3.22 -$6.13

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $6.895M $4.057M $2.064M $1.830M
YoY Change 69.95% 96.56% 12.79%
Cash & Equivalents $6.895M $4.057M $2.064M $1.830M
Short-Term Investments
Other Short-Term Assets $2.673M $1.422M $680.0K $466.0K
YoY Change 87.97% 109.12% 45.92%
Inventory $5.231M $7.510M $2.710M $2.474M
Prepaid Expenses
Receivables $5.053M $2.219M $2.606M $2.206M
Other Receivables $415.0K $224.0K $188.0K $575.0K
Total Short-Term Assets $20.27M $15.43M $8.248M $7.551M
YoY Change 31.33% 87.1% 9.23%
Property, Plant & Equipment $4.508M $2.161M $2.662M $4.476M
YoY Change 108.61% -18.82% -40.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.160M $4.065M $929.0K $1.397M
YoY Change -22.26% 337.57% -33.5%
Total Long-Term Assets $7.668M $6.227M $3.596M $5.882M
YoY Change 23.14% 73.16% -38.86%
Total Assets $27.94M $21.66M $11.84M $13.43M
YoY Change
Accounts Payable $6.963M $6.735M $7.256M $6.734M
YoY Change 3.39% -7.18% 7.75%
Accrued Expenses $349.0K $352.0K $342.0K $673.0K
YoY Change -0.85% 2.92% -49.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.278M $3.374M
YoY Change -62.12%
Total Short-Term Liabilities $8.717M $10.63M $7.759M $7.834M
YoY Change -17.98% 36.98% -0.96%
Long-Term Debt $12.87M $9.435M $15.62M $12.26M
YoY Change 36.39% -39.59% 27.35%
Other Long-Term Liabilities $1.319M $1.384M $2.031M $2.709M
YoY Change -4.7% -31.86% -25.03%
Total Long-Term Liabilities $14.19M $10.82M $17.65M $14.97M
YoY Change 31.13% -38.7% 17.87%
Total Liabilities $22.90M $21.45M $25.41M $22.81M
YoY Change 6.79% -15.59% 11.4%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 7.800M shares 6.610M shares 6.610M shares
Diluted Shares Outstanding 7.800M shares 6.610M shares 6.610M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $13.995 Million

About SEALSQ Corp

SEALSQ Corp. operates as a holding company which through its subsidiaries manufactures and markets semiconductor business. The company is headquartered in Cointrin, Geneve and currently employs 61 full-time employees. The company went IPO on 2023-05-19. The firm focuses on developing and selling tamper resistant semiconductors, chips, processors and Post-Quantum technology products. The firm also develops certified secure microcontrollers and implement post-quantum cryptography also secure hardware, firmware, and provides other services for customers across multiple industries. The Company’s products are applicable in consumer electronics, aerospace & military, telecommunications, energy and building, logistics, and medical sectors. The firm offers its solutions across the globe: USA, Canada, Europe, Middle East, Asia and Australia.

Industry: Semiconductors & Related Devices Peers: